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Health

Day: July 28, 2020

Health News

EVERYTHING YOU NEED TO KNOW ABOUT COVID-19, RETIREMENT, AND MEDICARE

Present 2020 brought about so much, and we are just half-way on it. As the spread of COVID-19 continues to create chaos that affects every aspect of life.  From workplaces to school closings to investment portfolio credits, several Medicare enrollees have one core focus: protection of health by preventing the virus. 

Every year, people turn 65 daily. Usually, they get retirement in a systematic and pre-planned way, and everyone is prepared on their levels. But now? Yes, we see the usual turning-65 crowd with their retirement plans on hold, but also witnessing a new crowd of people displaced due to job layoffs, downsizing, furloughs, and more. And, apart from that, there are crowds affected by this Covid-19 who are just tired, distressed, frustrated, and fearful. 

Thus, Most of them will require some assistance with Medicare. However, those who are already on Medicare tend to suffer critical health consequences if stricken with COVID-19, as the CDC explicitly states that the chances are highest for people over 60. Seniors must understand what covers Medicare offers regarding this global health crisis.

 

PROCEED AS YOU PLANNED

If you were already planning to retire in this summer before this COVID-19 crises happened, just keep on pace. Although, a lot of people that are retiring now are above the age of 60, and they have been enrolled into Medicare’s Part A coverage for a few years. Signing up for Medicare can be complicated in NORMAL times but this COVID-19 situation has created additional challenges for them.

 

ELIGIBILITY FOR MEDICARE

Generally, Medicare is available to certain citizens and residents who have reached or crossed the age of 65. Medicare has multiple components: Part A (hospital insurance), Part B (medical insurance), and Part D (prescription drugs), or a person can sign up for Medicare Part C,